As the investment industry has evolved over the years, advisers’ use of hypothetical performance has become more prevalent. In the release referenced below, the SEC defines “hypothetical performance” as “performance results that were not actually achieved by any portfolio of …
Presenting MWR instead of TWR for Composites For most managers a time-weighted return (TWR), which essentially removes or smooths the impact of external cash flows, is the preferred method to demonstrate how their strategy performed in portfolios over time. …
Why does my GIPS verification cost what it does? Having spent nine years as the partner in charge of business development at Ashland Partners, another five years (over two tours of duty) at ACA Compliance Group as director and …
Verifier independence is not a new concept. The CFAI adopted the guidance statement on Verifier Independence back in 2005 and there are plans to release an updated version in 2020. In the original guidance statement both the verifier and the …
Did you attend the GIPS® conference this year? A record turnout was not a surprise with the rollout of GIPS 2020 the biggest topic! There was so much information to process. So, if GIPS 2020 has you overwhelmed, you are …
